ALC to lease six Boeing 737 MAX 8s to LOT Polish Airlines

Air Lease Corporation has announced the placement of six new Boeing 737 MAX 8s with CFM Leap-1B engines on long-term lease to LOT Polish Airlines. In addition to the six firm lease placements, the agreement includes the option to lease five new 737 MAX 8s, to be confirmed by early 2017. All eleven aircraft are from ALC’s order book with Boeing.

Delivery of the first two firmly-contracted aircraft will begin in the fourth quarter of 2017, the next two in 2018, one in 2019, and the sixth aircraft will deliver in or before the first quarter of 2020. The optioned aircraft are expected to deliver in 2019 and 2020.

The new 737 MAX 8 aircraft will be used by LOT to increase frequencies and add new destinations on LOT’s extensive European and Eurasian route network.

LOT has one of the youngest fleets in Europe and was the first European airline to introduce into service the Boeing 787 Dreamliner. LOT estimates that in 2020 it will operate a total of approximately 70 aircraft, including 16 Dreamliners and approximately 15 new single-aisle planes with 150-plus seating capacity.